Just realized I haven't been updating this. I wound up reusing the chain tensioner and just replacing the bolt. Here's how everything looked when I pulled it apart:
After cleaning, and the new bolt in the chain tensioner.
I've put about 250 miles on it so far, and no issues. After clearing the slow jets out with a #80 drill bit it runs a LOT better too. Still not perfect, but getting there.
On to the fun things.
I want the seat I build to look very similar to this:
And I just picked up a '79 CB650 tank, completely changes the look of the bike. This will be painted something in the family of British Racing Green, possibly a couple of shades lighter.
Dent in the front, going to try to pull that as much as I can, then hit it with some filler.
Someone started sanding on the top, and there are a few small dents there too.
Overall, the tank is in great shape, the inside is almost immaculate. The plan is to figure out how to mount it, make the seat, strip the tank, do all the body work, and paint it. I'll be making some sort of new side covers as well, since I'm trying to keep the stock tins as they are.
Now I just have to find the time...